Obama: Little Difference Between Capitalism and Communism; Largely Just an "Intellectual Argument;" People Shouldn't Worry If Something "Fits Into Socialist Theory," Should Just Choose "What Works"

"Those are interesting intellectual arguments, but I think for your generation, you should be practical and just choose from what works. You don't have to worry about whether it really fits into socialist theory or capitalist theory. You should just decide what works," he added.

Obama went on to praise Cuba’s socialist system under dictator Raúl Castro, touting the country’s free access to basic education and health care, although he acknowledged that Havana itself "looks like it did in the 1950s" because the economy is "not working".